Pakistan Stock Exchange hit by SC verdict against COAS General Qamar Bajwa

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Pakistan Stock Exchange hit by SC verdict against COAS General Qamar Bajwa

KARACHI: *Pakistan Stock Exchange hit by Supreme Court verdict against COAS General Qamar Bajwa.*

Investors of the Pakistan Stock Exchange (PSX) witnessed a turbulent session on Tuesday, as the indices, which open positively, turned their path and headed south, following the Supreme Court’s decision regarding the Chief of Army Staff’s extension notification.

Foreign investors offloaded shares worth $0.377 million on Monday.

On the political front, Prime Minister Imran Khan has summoned an emergency meeting of the federal cabinet to discuss the issue regarding the extension in the tenure of COAS General Qamar Javed Bajwa after the SC suspended the notification of his extension.

Meanwhile, Finance Adviser Dr Abdul Hafeez Shaikh, while defending the China-Pakistan Economic Corridor (CPEC), called for a global awareness campaign about the multi-billion dollar programme for its real success.

Also, Pakistan raised 575 million dirhams ($156.56 million) through syndicated financing arranged by Ajman Bank, an Islamic lender based in the United Arab Emirates.